Illustrative image (Photo: theedgemarkets.com)
The Malaysian Ministry of Energy and Natural Resources (KeTSA) has opened a bidding process for the Large Scale Solar (LSS) programme to create momentum for the national economy post-COVID-19.
Minister Datuk Dr Shamsul Anuar Nasarah said some 1,000 megawatts (MW) of solar quota has been offered through the bidding process since March 31 that is open to local companies or those with at least 75 percent local shareholding.
The move is aimed at reviving and stimulating the economy that is affected by the COVID-19 pandemic, while spurring the development of the nation's electricity industry, especially renewable energy, he said.
He said the ministry expects to attract investments totaling 4 billion RM (nearly 1 billion USD) and generate 12,000 job opportunities for Malaysians.
The quota offered this time is the biggest under the LSS programme as during LSS-1 some 370MW solar were offered; LSS-2,520MW; and LSS-3, 500MW.
VietNamPlus